Auryn Resources (NYSEAMERICAN:AUG) Raised to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Auryn Resources (NYSEAMERICAN:AUG) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning, Zacks.com reports. They currently have $2.00 target price on the stock.

According to Zacks, “Auryn Resources Inc. is a mining exploration, acquisition and development company. Its project primarily includes the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC. Auryn Resources Inc. is based in Vancouver, Canada. “

NYSEAMERICAN AUG traded up $0.01 during trading on Monday, hitting $1.63. 3,342 shares of the company’s stock were exchanged, compared to its average volume of 142,703. Auryn Resources has a fifty-two week low of $0.85 and a fifty-two week high of $1.84.

Auryn Resources (NYSEAMERICAN:AUG) last issued its earnings results on Wednesday, May 15th. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03.

A hedge fund recently raised its stake in Auryn Resources stock. Ingalls & Snyder LLC lifted its position in shares of Auryn Resources Inc (NYSEAMERICAN:AUG) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,610,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Ingalls & Snyder LLC owned about 3.82% of Auryn Resources worth $5,328,000 as of its most recent filing with the Securities and Exchange Commission.

About Auryn Resources

Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.

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